[Federal Register Volume 71, Number 219 (Tuesday, November 14, 2006)]
[Proposed Rules]
[Page 66285]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E6-19138]


 ========================================================================
 Proposed Rules
                                                 Federal Register
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 This section of the FEDERAL REGISTER contains notices to the public of 
 the proposed issuance of rules and regulations. The purpose of these 
 notices is to give interested persons an opportunity to participate in 
 the rule making prior to the adoption of the final rules.
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  Federal Register / Vol. 71, No. 219 / Tuesday, November 14, 2006 / 
Proposed Rules  

[[Page 66285]]



DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Part 1

[REG-208270-86]
RIN 1545-AM12


Income and Currency Gain or Loss With Respect to a Section 987 
QBU; Hearing Cancellation

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Cancellation of notice of public hearing on proposed 
rulemaking.

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SUMMARY: This document cancels a public hearing on proposed regulations 
concerning the determination of the items of income or loss of a 
taxpayer with respect to a section 987 qualified business unit, as well 
as the timing, amount, character and source of any section 987 gain or 
loss.

DATES: The public hearing, originally scheduled for November 21, 2006, 
at 10 a.m. is cancelled.

FOR FURTHER INFORMATION CONTACT: Kelly Banks of the Publications and 
Regulations Branch, Legal Processing Division, Associate Chief Counsel 
(Procedure and Administration) at (202) 622-0392 (not a toll-free 
number).

SUPPLEMENTARY INFORMATION: A notice of proposed rulemaking and notice 
of public hearing that appeared in the Federal Register on Thursday, 
September 7, 2006 (71 FR 52876), announced that a public hearing was 
scheduled for November 21, 2006, at 10 a.m. in the IRS Auditorium, New 
Carrollton Federal Building, 5000 Ellin Road, Lanham, MD 20706. The 
subject of the public hearing is under section 987 of the Internal 
Revenue Code.
    The public comment period expires on December 6, 2006. The notice 
of proposed rulemaking and notice of public hearing instructed those 
interested in testifying at the public hearing to submit an outline of 
the topics to be addressed. As of Wednesday, November 1, 2006, no one 
has requested to speak. Therefore, the public hearing scheduled for 
November 21, 2006, is cancelled.

Cynthia Grigsby,
Senior Federal Register Liaison, Publications and Regulations Branch, 
Legal Processing Division, Associate Chief Counsel (Procedure and 
Administration).
 [FR Doc. E6-19138 Filed 11-13-06; 8:45 am]
BILLING CODE 4830-01-P